Just 5 questions

Deven Choksey
MD, KR Choksey Securities

What’s helping the markets to rise?
Regular fund inflows and liquidity is keeping markets going. Tueday’s sharp rally appears to be on account of FII orders getting triggered as dollar weakened slightly.

How do you see the dollar affecting markets over the next few months?
The dollar index is extremely volatile and may remain range bound in 73 to 77.5 band over the next few months. We may see sell-off in equities on dollar reaching above 77.5 and buying emerge as the dollar weakens.

What range do you see for the markets?
Nifty may trade in 4900 to 5200 band over next 1-2 months. Though Nifty may break 5200 levels on upside, we do not see it sustaining those levels.

How do you see participation levels in December?
In spite of the holiday season ahead, we do not see any significant drop in flows. Fund allocation would continue to take place based on dollar movements.

From a long-term perspective, what sectors are you bullish on?
The Copenhagen climate change summit’s focus on cutting down carbon emissions would mean lot of technological innovations being considered, which may help companies in capital goods, thermal power and refineries in next 5-10 years time.